Thai central bank stake in asset manager BCAM may halve after IPO

Thai central bank stake in asset manager BCAM may halve after IPO

Stock prices are displayed on an electronic stock board at the Stock Exchange of Thailand (SET) in Bangkok, Thailand, on Friday, June 22, 2018. Photographer: Brent Lewin/Bloomberg

Thailand’s central bank will own less than half of the country’s biggest distressed asset manager if the company sells its planned 1.77 billion shares in an initial public offering.